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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow saysJohn Kampfner, author of “In Search of Berlin” and a fellow at the Royal United Services Institute, discusses Germany’s political and economic outlook.
Persons: RUSI, John Kampfner Organizations: Berlin, Royal United Services Institute
CNN —Carlos Alcaraz led Team Europe to a comeback victory over Team World in the Laver Cup on Sunday, triumphing in both his singles and his doubles matchups. It marked Europe’s fifth win in the Laver Cup and first since 2021. “It’s great, obviously, we came here with a goal, all of us, that is to win the Laver Cup,” said Alcaraz. Alcaraz defeated Taylor Fritz to secure Laver Cup victory for Team Europe. For me, to spend time with these players in Team Europe, it’s a lot of fun.
Persons: CNN — Carlos Alcaraz, Alcaraz, Taylor Fritz, Ben Shelton, Frances Tiafoe, Casper Ruud, , , Sascha, Alex Zverev, ” Zverev, Fritz, Ebrahim Noroozi, Zverev, Daniil Medvedev, Shelton, Björn Borg, John McEnroe, ‘ We’re, ” Borg, Yannick Noah, Andre Agassi Organizations: CNN, Europe, Team, Laver, Tiafoe, Team Europe, Cincinnati Locations: Berlin, Europe, Berlin’s, San Francisco
Europe could be drifting in to a downturn as its biggest economies, Germany and France, fight political and economic woes at home. In Germany, composite purchasing manager's index (PMI data) measuring business activity in both sectors, came in at XXXX, down from XXX in August. In France, meanwhile, the composite PMI fell in September to an eight-month low of 47.4 from 53.1 in August. In the euro zone as a whole, the PMI data showed a decline from XXX last month to XXX, in September. Once Europe's poster-child for growth, Germany is now likened to the "sick man" of Europe by economists.
Persons: Pariser, , Chancellor Olaf Scholz's, J.P, Greg Fuzesi Organizations: Pariser Platz, PMI, Social Democratic Party, SPD Locations: Berlin, Germany, Europe, France, Brandenberg, Thuringia, Saxony, Morgan
The AfD became the first far-right party to win a state election in Germany since World War II, in Thuringia, on Sept. 1 and just missed first place in Saxony. Hans-Christoph Berndt, the AfD candidate for Brandenburg state premier, cast his ballot on Sunday in the town of Golssen, south of Berlin, expressing optimism about his party’s prospects with increased support compared to 2019. Narrow the gapIn recent weeks, the SPD has managed to narrow the gap with the AfD, opinion polls have shown. AfD party leader Tino Chrupalla said Scholz should do the same. “It is high time this government suffer the consequences after this state election,” Chrupalla said.
Persons: Chancellor Olaf Scholz’s, Hans, Christoph Berndt, we've, ” Berndt, won’t, Scholz, Brandenburg’s, Dietmar Woidke, Woidke, pollster Forschungsgruppe Wahlen, ” Woidke, Tino Chrupalla, ” Chrupalla Organizations: Chancellor Olaf Scholz’s Social Democrats, Communist, Brandenburg, Social Democrats, SPD, Sahra Wagenknecht, Scholz’s, Free Democrats, Greens Locations: German, Brandenburg, Germany, Thuringia, Saxony, Europe, Ukraine, Scholz’s, Golssen, Berlin, Potsdam
BERLIN Reuters —German Chancellor Olaf Scholz’s Social Democrats (SPD) looked set to fend off the far right in a state election in Brandenburg on Sunday after trailing behind the Alternative for Germany (AfD) throughout the campaign, exit polls indicated. “Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD party general secretary Kevin Kuehnert. “For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. The SPD is polling just 15% at national level, down from the 25.7% it scored in the 2021 federal election. Maryam Majd/Getty Images/FileNo time for complacencyThe vote in Brandenburg comes three weeks after the Russia-friendly AfD became the first far-right party to top a state election in Germany since World War Two, in Thuringia.
Persons: Olaf Scholz’s, Scholz, Dietmar Woidke, “ Dietmar Woidke, , Kevin Kuehnert, Olaf Scholz, Maryam Majd, Woidke, Tino Chrupalla, Sahra Wagenknecht Organizations: BERLIN Reuters —, Olaf Scholz’s Social Democrats, SPD, ZDF, Brandenburg SPD, ARD, Communist, Greens, Free Democrats Locations: Brandenburg, Germany, Berlin, Ukraine, Russia, Thuringia, Saxony, Europe
These are now the new realities on all of Germany’s land borders. On September 16, Berlin ordered the “temporary reintroduction of border control” at Germany’s borders with Belgium, Holland, Luxembourg, France and Denmark. The calls for more checks on Germany’s borders also mark a step-change at the heart of the European Union from Merkel’s policies. In 2015, the long-serving, and ever popular former German chancellor Merkel opened Germany’s borders to migrants fleeing their homes - at the time largely Syrians because of the country’s civil war. The moves by Merkel became known as Wilkommenskulturand and set Germany apart on the world stage in liberal migration policy.
Persons: ” Slubice, , Tom Knie, Olaf Scholz, ” –, Angela Merkel, Patrick Pleul, Bjoern Hoecke, , Victory, Alice Weidel, Scholz, , ” Raphael Bossong, Merkel, Maja Hitij, Knaus, ” Knaus Organizations: CNN, German Federal, European Union, Getty, German Institute of International and Security Affairs, Scholz’s Social Democratic Party, Police, Locations: Frankfurt, der, “ Frankfurt, , Polish, German Federal Republic, Poland, Germany, Berlin, Germany’s, Belgium, Holland, Luxembourg, France, Denmark, Austria, Czech Republic, Switzerland, Oder, Manheim, Solingen, Thuringia, East, Saxony, Brandenburg, “ Germany
BERLIN, Vt. — This fall, hundreds of the most vulnerable people experiencing homelessness in Vermont must leave state-funded motel rooms where they’ve been living as the state winds down its pandemic-era motel voucher program. The move is prompting outcry from municipal leaders and advocates who say many don’t have a place to go. The biggest exodus — about 230 households — is expected on Thursday when they reach a new 80-day limit stay in the motel rooms that the Legislature imposed starting in July. A new 1,110-room cap on the number of motel rooms the state can use to house those people in the warmer months from April through November also kicked in Sunday. The households will be eligible for motel housing again on Dec. 1 as winter sets in.
Persons: they’ve, Jen Armbrister, I’ve, ” Armbrister, She’s, Bruce Jewett, They’re, I’m, , Heidi Wright, Armbrister, Wright, nothing’s, , William Fraser, Phil Scott, “ It’s, ” Scott, can’t Organizations: U.S . Department of Housing, Urban, Republican Gov Locations: BERLIN, Vt, Vermont, Montpelier, Barre, Berlin, ” Montpelier City, City, Chittenden County, Vermont’s, Burlington
CNN —Coco Gauff has parted ways with her coach, Brad Gilbert, following a series of poor results culminating in a failed defense of her US Open title. 6 lost in the fourth round of the US Open to American Emma Navarro, who had also bested her in the fourth round at Wimbledon just months before. “Mentally and emotionally, I gave it my all,” Gauff told reporters after her loss to Navarro. Gilbert paid tribute to Gauff on X – formerly known as Twitter – on Wednesday, writing: “Thanks to Coco Gauff and the entire team for an absolutely amazing summer run in 2023 and for 14 months of incredible team effort. Brad Gilbert coaches Coco Gauff of the United States during practice ahead of the US Open on August 24, 2024.
Persons: Coco Gauff, Brad Gilbert, American Emma Navarro, Gilbert, Gauff, ” Gauff, Navarro, Robert Prange, , Organizations: CNN, Wimbledon, Twitter, Auckland Locations: American, Cincinnati, Washington, Berlin, Wimbledon, Toronto, Flushing Meadows, United States
$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.
Persons: True Price, , Claire van den Broek, “ They’re, Alexander Müller, True, , Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, , U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany
Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Commerzbank shares jumped 20% on the day UniCredit's stake was announced. A cross-border styled merger between UniCredit and Commerzbank would be more preferential than a domestic merger between Deutsche Bank and Commerzbank, according to Reint Gropp, president of the Hall Institute for Economic Research. "The German banking structure is long overdue for a consolidation process. The German bank also has less excess capital than UniCredit and therefore "cannot really afford" a takeover, Alloatti said.
Persons: Kirill Kudryavtsev, UniCredit, Andrea Orcel, Commerzbank, Orcel, Ignacio Cerezo, Berenberg, David Benamou, Benamou, CNBC's, Arnaud Journois, Journois, Emmanuel Macron, Reint Gropp, Gropp, Filippo Alloatti, Hermes, Alloatti, We've Organizations: Afp, Getty, Bloomberg, Reuters, UniCredit, Wednesday, UBS, Investments, European, Morningstar, Commerzbank, Analysts, CNBC, Deutsche Bank, Hall Institute for Economic Research, Will Deutsche Bank, ABN Amro Locations: Frankfurt, Germany, Commerzbank, Berlin, Italian, U.S, Europe, UniCredit, Italy
Joshua Nelken-Zitser/Business InsiderThe city's 90-or-so lakes, ideal for kayaking, and some of the largest forests in the country are also nearby. Joshua Nelken-Zitser/Business InsiderAccording to an affordability index by the personal finance website Finasvalp, Vilnius is the fourth most affordable capital in Europe. Joshua Nelken-Zitser/Business InsiderShe also said she appreciates how inexpensive and convenient it is to travel from Vilnius. Joshua Nelken-Zitser/Business InsiderOutside a food hall beside the Baltasis Tiltas, or White Bridge, 22-year-old Goda Ponomariovaitė looks for a place to sit. Joshua Nelken-Zitser/Business InsiderAccording to Ponomariovaitė, Vilnius has plenty of free or affordable hangout spots.
Persons: , Valdas Benkuskas, Angel Villalba, Ignas, Kazlauskas, Ignas Kazlauskas, Joshua Nelken, Pranculis, Elizabeth Avgusta, Adriana Doroškevičiūtė, Avgusta, Doroškevičiūtė, It's, Ponomariovaitė Organizations: Service, Business, Getty, Gallup, US, Eurostat, Finasvalp, Michelin Locations: Lithuania, Vilnius, Baltic, Small, Lithuania's, Denver, London, Newcastle, Ukraine, Belarus, Berlin, Europe, Indonesia, LA's Venice, Ponomariovaitė, Amsterdam
My divorce was the worst job I've ever had. So, like any job I've had, I decided to put my divorce on my LinkedIn résumé. I added my divorce to my LinkedIn 2 weeks agoDivorce hits different people differently. When I had the idea to put my divorce on my LinkedIn, I debated it for weeks. AdvertisementSo while divorce was the worst job I ever had, it was also one of my greatest teachers, which is why I put it on my CV.
Persons: , I've, That's, couldn't, doesn't, who's, I'd, Karl Dunn Organizations: Service, Business, Hearst Publications, LinkedIn Locations: America, California, Berlin, Los Angeles
Social media giant Meta announced Monday that it is banning Russian media outlet RT, days after the Biden administration accused RT of acting as an arm of Moscow’s spy agencies. “After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. U.S. officials then accused RT of carrying out covert information warfare operations around the world on behalf of Russia's spy agencies. The Biden administration is imposing sanctions on a state-funded broadcaster that oversees RT, TV-Novosti; another state media company, Rossiya Segodnya; and its director, Dmitry Kiselyov, officials said. Meta started limiting Russian state-controlled media two years ago.
Persons: Biden, , James Rubin, Rossiya, Dmitry Kiselyov, cybercrimes, Meta Organizations: Meta, State Department, State, Global, Novosti, U.S . Justice Department, Democratic National Committee, Facebook Locations: Ukraine, Africa, Germany, Berlin, France, Paris, U.S, Russia
China sent several warships and 15 aircraft to waters off Russia’s Far East coast for Ocean-2024, according to the Russian military. The latest Russia-China military drills fit a pattern of more than a decade of enhanced military coordination between the two countries, experts say. The joint drills also raise questions about whether the two nuclear-armed powers, which are not treaty allies, could act together in any potential future conflict. Russian military sailors attend the opening ceremony for a joint naval exercise in the South China Sea in July. But observers say that despite the growing coordination within joint drills, it’s unlikely there is a clear end goal past sending a strong signal – at least for now.
Persons: Vladimir Putin, Putin, Xi Jinping, Sergei Bobylev, Xi, , “ They’re, , Alexander Korolev, Washington’s, Carl Schuster, Korolev, it’s “, Elizabeth Wishnick, , Russia –, James Char, Schuster Organizations: Hong Kong CNN, Kremlin, Canadian, Putin, NATO, Sputnik, Reuters, Soviet, Center for Strategic, International Studies, CNN, Russian, CSIS, University of New, US Navy, Pacific Command’s Joint Intelligence Center, Russian Defense Ministry, Beijing, South China, Pacific Security Affairs Division, CNA, India, Nanyang Technological University’s Institute of Defense, Strategic Studies, China, Navy Locations: China, Hong Kong, United States, Moscow, Russia, Ukraine, East, Ocean, Russian, Japan, Alaska –, South China, Beijing, Washington, Taiwan, Soviet Union, Communist China, Alaska, Pacific, University of New South Wales, Sydney, Asia, Germany, Philippines, South, Iran, lockstep, Nanyang, Singapore
Social media giant Meta on Monday announced that it is banning Russian media outlet RT, days after the Biden administration accused RT of acting as an arm of Moscow's spy agencies. "After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. U.S. officials then accused RT of carrying out covert information warfare operations around the world on behalf of Russia's spy agencies. The Biden administration is imposing sanctions on a state-funded broadcaster that oversees the RT outlet, TV-Novosti, another state media company, Rossiya Segodnya, and its director Dmitry Kiselyov, officials said. Meta started limiting Russian state-controlled media two years ago.
Persons: Biden, James Rubin, RT, Rossiya Segodnya, Dmitry Kiselyov, Meta Organizations: Kremlin, Social, Monday, Meta, State Department, State, Global, Germany RT, Novosti, U.S . Justice Department, Democratic National Committee, Facebook Locations: Russia's, Russia, St, Basil's, Moscow, Ukraine, Africa, Germany, Berlin, France, Paris, U.S
CNN —Tiny plastic shards and fibers were found in the nose tissue of human cadavers, according to a small new study. The threads and microplastic pieces were discovered in the olfactory bulb, the part of the nose responsible for detecting odors that sits at the base of the brain. Microplastics are polymer fragments that can range from less than 0.2 inch (5 millimeters) down to 1/25,000th of an inch (1 micrometer). However, an April 2023 study found that microplastics made of polypropylene appeared to exacerbate the advance of breast cancer. The nose is one of many ways through which microplastics can enter the body, experts say.
Persons: , Luís Fernando Amato, Lourenço, Amato, Lourenço, Phoebe Stapleton, “ I’m, ” Stapleton, , Betsy Bowers, ” Bowers, ” Sherri “ Sam ” Mason, ” Amato, microplastics, Julian Ward, Leonardo Trasande, don’t, Trasande Organizations: CNN, Free University of Berlin, Rutgers University, Industry Alliance, Penn State, JAMA, US Environmental Protection Agency, Getty, American Academy of Pediatrics, NYU Langone Health, Natural Resources Defense Council, Invest Locations: Piscataway , New Jersey, Erie , Pennsylvania
CNN —Germany has begun new controls at all of its land borders as part of a crackdown on migration, placing restrictions on a wide area of free movement known as the Schengen Zone and stirring anger among its European neighbors. From Monday, as well as existing border controls with Austria, Switzerland, the Czech Republic and Poland, Germany will now also have internal border controls with France, Luxembourg, the Netherlands, Belgium and Denmark. Berlin will have the power to reject people at all land borders, a statement from the Interior Ministry said. The move marks how far Germany has shifted in recent years on the flashpoint issue of migration. Under European Union rules, member states have the ability to temporarily reintroduce border control at internal borders in the event of a serious threat to public policy or internal security.
Persons: Angela Merkel, Maja Hitij, Nancy Faeser, Donald Tusk, , , Chancellor Olaf Scholz, Ukraine – Organizations: CNN, Schengen, Interior Ministry, Union, Poland’s, Germany, Germany’s, Migration, ISIS Locations: Germany, Austria, Switzerland, Czech Republic, Poland, France, Luxembourg, Netherlands, Belgium, Denmark, Berlin, Kenya, Polish, Warsaw, Greece, Europe, East, Ukraine, Solingen
Tensions are high in the South China Sea, as China continues its aggressive tactics against Philippine vessels. JAM STA ROSA/AFP via Getty ImagesClashes between China and the Philippines in the South China Sea have been escalating for months as China unjustly claims sovereignty over a majority of the South China Sea, defying international law while increasing efforts to assert its authority in the area. While traveling to Manila, the Baden-Württemberg and Frankfurt am Main transited the Taiwan Strait, sparking backlash from China. The German warships transited the Taiwan Strait last week for the first time in 20 years. "International waters are international waters," he said .
Persons: , Per Andreas Pfaffernoschke, Pfaffernoschke, Mao Ning, German Defense Ministry Boris Pistorius, Mao Organizations: Service, Business, Baden, Philippine, ROSA, Getty, Ministry of Foreign, German Defense Ministry, Command Locations: Philippines, Taiwan Strait, Germany, China, South China, Berlin, Frankfurt, Manila, AFP, Beijing, Baden, Württemberg, Taiwan, Main
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.
Persons: , Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America
Can you can leave your estate to your pet?
  + stars: | 2024-09-14 | by ( Alexandra Peers | ) edition.cnn.com   time to read: +5 min
CNN —Some people really do leave money to their pets. Estate attorneys told CNN they’re seeing more incidences of people making financial plans for their pets after they die. Twenty-nine states have enacted pet trust laws since 2008, and now every state, plus Washington, DC, has some form of guidelines, according to the American Society for the Prevention of Cruelty to Animals. However, if a person names a guardian for their pet, they can leave money and property to that person. dpa/picture alliance/Eventpress/SipaFlorida attorney Peggy Hoyt, author of “All My Children Wear Fur Coats,” told CNN she urges her clients to leave comprehensive instructions for pet caretakers.
Persons: Karl Lagerfeld, Chanel, , , can’t, Leona Helmsley, Helen Neafsey, , Leona Helmsley’s, it’s, Majel Barrett, Roddenberry, Gene Roddenberry, Karl Lagefeld, Choupette, Lagerfeld, Peggy Hoyt, Leslie Ann Mandel, Arthur Herzog III, Danielle Mania, Organizations: CNN, American Society for, Karl, Palazzo Italia, Hamptons, Associated Humane Societies Locations: Washington, Greenwich, Conn, New York, Asia, Shanghai, Berlin, Germany, Sipa Florida, New Jersey
CNN —Germany has struck a controlled migration deal with Kenya, which will see Berlin open its doors to skilled and semi-skilled Kenyan workers. The deal was signed by German Chancellor Olaf Scholz and Kenya’s president William Ruto on Friday. Migration is a major flashpoint in Germany, and has fueled the rise of the far-right Alternative for Germany (AfD) party. As well as deterring irregular migration, the deal is intended to address labor market needs in both countries, providing opportunities for Kenyan workers while supplementing an ageing Gemany’s shortage of skilled laborers. According to the German government, there are currently around 14,800 Kenyan citizens living in Germany.
Persons: Olaf Scholz, William Ruto, Ruto, Nancy Faeser, , Organizations: CNN, German, Ministry, ISIS Locations: Germany, Kenya, Berlin, Solingen
“RT wants its new covert intelligence capabilities, like its longstanding propaganda and disinformation efforts, to remain hidden,” Secretary of State Antony Blinken told reporters. On Friday, State Department officials sought to highlight Russia’s information operations around the world. Through proxy media outlets that purport to be independent, Russia is disseminating information to back its invasion of Ukraine, officials said. The Biden administration is imposing sanctions on a state-funded broadcaster that oversees the RT outlet, TV-Novosti, another state media company, Rossiya Segodnya, and its director Dmitry Kiselyov, officials said. Russian state-funded media was also targeted for sanctions for allegedly funneling money into Moldova under the guise of humanitarian aid “to buy votes to influence the upcoming Moldovan elections,” officials said.
Persons: Antony Blinken, , James Rubin, Rubin, RT, Biden, Rossiya Segodnya, Dmitry Kiselyov, Organizations: RT, Ukraine, State Department, State, Global, Department, Novosti Locations: South America, Europe, Africa, U.S, Ukraine, America, Russian, China, Russia, Germany, Berlin, France, Paris, Argentina, Moldova, Washington
Two German navy ships sailed through the Taiwan Strait for the first time in over 20 years. Go to newsletter preferences Thanks for signing up! AdvertisementTwo German navy ships have sailed through the Taiwan Strait, the first such move in over 20 years. Despite China's complaints and criticisms, Germany said that it had a right to transit the strait, which is international waters. The German first-in-class frigate Baden-Württemberg and the supply ship Berlin-class Frankfurt am Main sailed the Taiwan Strait on Friday.
Persons: , Boris Pistorius Organizations: Service, Baden, Main, German, Business Locations: Taiwan Strait, China, Taiwan, Germany, Berlin, Frankfurt
UK leads resurgence in European office investment
  + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +5 min
Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International
Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany
The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.
Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S
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